Amendment to Notification Regarding Integrated Tax Rates

The Central Government, in line with the recommendations of the Council, exercises its authority under section 6(1) of the Integrated Goods and Services Tax Act, 2017, to introduce amendments to Notification No. 27/2018-Integrated Tax (Rate) dated December 31, 2018.

The amendments include: Substituting the word "gold" with "gold, silver or platinum" wherever it appears in the notification.

Replacing the reference "heading 7108" in the opening paragraph with "Chapter 71". Amending clause (d) of the Explanation to specify that "Chapter" refers to the heading as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).

This notification shall be effective from October 1, 2019. Issued by Gunjan Kumar Verma, Under Secretary to the Government of India, this amendment aims to provide clarity and consistency in the application of integrated tax rates concerning gold, silver, and platinum.